Interesting London-based fintech for international payments
Discussion about WISE
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12
2Yr·
getquin Daily Summary 28.06.2022
Hello getquin,
today's MarketNews is about the G7 summit, a raid at the biggest Japanese car manufacturer in Luxembourg and Germany and a not pleasant forecast from Lufthansa.
Do you already know our Learnsection? On Friday, a new article on a blockchain ETF was published here.
Europe🌍:
1st raid on Hyundai and Kia in Germany and Luxembourg
The offices of carmaker Hyundai and its subsidiary Kia have been raided on suspicion of improperly modifying diesel vehicles. According to the Frankfurt public prosecutor's office on Tuesday, eight buildings in Germany and Luxembourg were searched by around 140 criminal investigators. Suspicions of fraud and air pollution against managers of Hyundai and Kia and supplier BorgWarner served as the background for the action.
Prosecutors found that the South Korean automaker allegedly sold more than 210,000 diesel vehicles by 2020, even though the cars allegedly had illegal defeat devices installed. These lead to a number of common scenarios where emission control devices are drastically reduced or turned off.
Thats the sound of the police 👮: https://bit.ly/3npzroY
🟩 $HYUD (-1.31%) (🔼 +4,24 %)
Americas 🌏:
2nd EY to pay $100 million to settle U.S. allegations of fraud in accountant audits
Big Four accounting firm Ernst & Young will pay $100 million to settle allegations by the U.S. Securities and Exchange Commission (SEC) that its auditors cheated on Certified Public Accounting (CPA) exams and misled the agency's investigators.
The London-based auditor admitted to the allegations, the regulator said, and agreed to pay what the SEC says is the largest fine against an auditor.
The CPA is the key qualification for auditors in the United States.
More info here: https://reut.rs/3uvJIEn
Welt🗺️:
3rd CEO Lufthansa doesn't expect flight chaos to end before winter
The CEO of Europe's largest airline group said in a letter to customers that the situation, characterized by staff shortages, parts shortages and restricted airspace, "is unlikely to improve in the near future." In Europe alone, the industry will hire several thousand new employees. But in the coming winter, this capacity expansion will only stabilize the situation. Speaking on behalf of the organization, Spohr expressed regret that the "ramp-up of the complicated air traffic system from virtually zero to almost 90% again today" after the Corona disaster had not resulted in the expected reliability, punctuality and robustness. Management acknowledged that there are several places where the Lufthansa Group is also understaffed.
Are you planning to fly? https://bit.ly/3u5aPWA
🟩 $LHA (-1.03%) (🔼🔽 +1,54%)
Special:
4th G7 - What will be discussed?
Tonight ends the third and final day of the G7 Summit at Elmar Castle. As described in yesterday's MarketNews article, the 7 most important industrialized nations are discussing current global problems. The main topics of this year's G7 Summit were predictable. The current Ukraine war played a very important role in the meeting, as it brings gas and food shortages. But it also makes other countries think about their security policies, such as an upgrade of the military. Another topic at the summit, as in previous years, was the COVID-19 pandemic and how to act more quickly against pandemics in the future. Also in focus was the climate change and the plans of the individual countries against the climate policy.
General info on the G7 summit here: https://www.g7germany.de/g7-de
Quarterly figures:
Nike $NKE (+3.44%)
EPS: 🟩 $0.81 expected vs $1.00 reported; difference: 22.99
Revenue: 🟩 $12.09 billion expected vs $12.23 billion published; variance: 1.16%
For more, see Nike: https://swoo.sh/3HVAfeW
𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:
🟩 TOP $TCOM (-1.82%) 26,95 € (🔼 +15,91%)
🟥 FLOP $WISE (+3.17%) , 3,72 € (🔽 -14,19%)
🟥Most searched $AMZN (+0.2%) , 105,83 € (🔽 -1,48%)
🟩 Most traded $1211 (-0.37%) , 39,79 € (🔼 +5,02 %)
🟩 S&P500, 3,904.84 (🔼 +0.12 %)
🟩 DAX, 13,303.45 (🔼 +0.89 %)
🟩 bitcoin ₿, €19,803.69 (🔼 +1.11 %)
Time: 16:30 CEST
𝗙𝘂𝗻 𝗙𝗮𝗰𝘁:
Did you know that paper money was first used in the 7th century in China among merchants. In fact, in the 11th century, due to a shortage of copper, not enough coins could be produced, which made paper money common. In Europe, bills did not appear until 500 years later. In 1661, Sweden was the first country to use paper money.
2Yr·
getquin Daily Summary 28.06.2022
Hello getquin,
today's MarketNews is about the G7 summit, a raid on the largest Japanese car manufacturer in Luxembourg and Germany and a not pleasant forecast from Lufthansa.
Europe 🌍:
1. Raid at Hyundai and Kia in Germany and Luxembourg
The offices of carmaker Hyundai and its subsidiary Kia have been raided on suspicion of improperly modifying diesel vehicles. According to the public prosecutor's office in Frankfurt on Tuesday, eight buildings in Germany and Luxembourg were searched by about 140 criminal investigators. Suspicions of fraud and air pollution against managers of Hyundai and Kia as well as the supplier BorgWarner served as the background for the action.
The public prosecutor's office found that the South Korean carmaker is alleged to have sold more than 210,000 diesel vehicles by 2020, although illegal defeat devices were allegedly installed in the cars. These lead to a number of common scenarios in which the emission control devices are drastically reduced or turned off.
Thats the sound of the police 👮: https://bit.ly/3npzroY
🟩 $HYUD (-1.31%) (🔼 +4.24 %)
America 🌏:
2. EY to pay $100m to settle US allegations of fraud in accountant audits
Big Four accounting firm Ernst & Young will pay $100 million to settle allegations by the US Securities and Exchange Commission (SEC) that its auditors cheated on Certified Public Accounting (CPA) exams and misled the agency's investigators.
The London-based auditor admitted to the allegations, the regulator said, and agreed to pay what the SEC said was the largest fine against an auditor.
The CPA is the key qualification for auditors in the United States.
More information here: https://reut.rs/3uvJIEn
World🗺️:
3. CEO Lufthansa does not expect end to flight chaos before winter
The CEO of Europe's largest airline group said in a letter to customers that the situation, characterised by staff shortages, parts shortages and restricted airspace, "is unlikely to improve in the near future". In Europe alone, the industry will hire several thousand new employees. But in the coming winter, this capacity expansion will only stabilise the situation. Spohr expressed regret on behalf of the organisation that the "ramp-up of the complicated air traffic system from practically zero to almost 90% again today" after the Corona disaster had not led to the expected reliability, punctuality and robustness. The management admitted that there are several places where the Lufthansa Group is also understaffed.
Are you planning to fly? https://bit.ly/3u5aPWA
🟩 $LHA (-1.03%) (🔼🔽 +1.54%)
Spezial:
4. G7 - What will be discussed?
Tonight marks the end of the third and final day of the G7 Summit at Elmar Castle. As described in yesterday's MarketNews article, the 7 most important industrialised countries are discussing current global problems. The main topics of this year's G7 Summit were predictable. The current Ukraine war played a very important role in the meeting as it brings gas and food shortages. But it also makes other countries think about their security policies, like rearming the military. Another topic at the summit, as in previous years, was the COVID-19 pandemic and how to take faster action against pandemics in the future. The focus was also on climate change and the plans of the individual countries to counter climate policy.
General information on the G7 Summit here: https://www.g7germany.de/g7-de
Earnings Call:
Nike $NKE (+3.44%)
EPS: 🟩 $0.81 expected vs $1.00 published; Difference: 22.99%.
Revenue: 🟩 $12.09bn expected vs $12.23bn published; difference: 1.16%.
Read more at Nike: https://swoo.sh/3HVAfeW
Stocks of the day:
🟩 TOP $TCOM (-1.82%) 26.95 € (🔼 +15.91%)
🟥 FLOP $WISE (+3.17%) , 3.72 € (🔽 -14.19%)
🟥Most searched $AMZN (+0.2%) , 105.83 € (🔽 -1.48%)
🟩 Most traded $1211 (-0.37%) , 39.79 € (🔼 +5.02 %)
🟩 S&P500, 3,904.84 (🔼 +0.12 %)
🟩 DAX, 13,303.45 (🔼 +0.89 %)
🟩 Bitcoin ₿, 19,803.69 € (🔼 +1.11 %)
𝗙𝘂𝗻 𝗙𝗮𝗰𝘁:
Did you know that paper money was first used among merchants in China in the 7th century? In the 11th century, due to a shortage of copper, not enough coins could be produced, which made paper money widespread. In Europe, notes did not appear until 500 years later. In 1661, Sweden was the first country to use paper money.
44
3Yr·
Opinion for $WISE
In my latest video I analyse Wise stock $6WS (+3.17%) using fundamental analysis. Is WISE stock a buy?
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I go through Wise's business summary, sales breakdown & financial statements to get an understanding of the business. After this, I go through my analysis checklist and then value Wise stock using the discounted free cashflow method.
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Wise (formerly TransferWise) is a London-based financial technology company founded by Estonian businessmen Kristo Käärmann and Taavet Hinrikus in January 2011.
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Wise makes it fast, easy and cheap for you to send money abroad. Wise has some of the lowest fees in the currency exchange industry, which has made them one of the biggest international money transfer providers in the world. They have millions of customers and handle billions in transactions every year.
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Wise became a public company through a direct listing in London on 7 July 2021. In contrast to a traditional IPO, Wise opted for a direct listing. The company said that this was the fairer, cheaper and more transparent way for them to broaden their ownership.
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Please also remember to like and comment, if you enjoyed the video!
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Subscribe to Lewis Harding Invest on YouTube.
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3Yr·
In my latest video, I go through 3 U.K. stocks to buy in a market crash. All of these companies have good fundamentals but look expensive on an earnings & FCF basis. $GUI (+2.69%)
$G7W (+17.38%)
$6WS (+3.17%)
22
3Yr·
Opinion for $WISE
🤷♂🤷♀️ NeutralWhat's everyone's thoughts on the share price crash?
Overvalued or a bargain?
Does it need to fall more towards it's fair value?
My thoughts are that although it's probably overvalued, Wise has incredible long term potential. So maybe I will dollar cost average. $6WS (+3.17%)
11
3 Comments
Hard to say. For the money they make they have a still a though valuation. However, I would love to invest @moneysideup ^^ Where you got the graph from?
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3Yr·
Opinion for $WISE
🤷♂🤷♀️ NeutralWhat is going on with Wise? Can't find any news to justify the sharp drop
3Yr·
Opinion for $WISE
I've been thinking for a long time that this will be my next Play. I see the shit just at sure >50€/Stonk (Paypal effect). But then I see something like Paysafe, and then I'm queasy again.
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